GBPJPY keeps crawling positively– Analysis – 27-1-2017

The GBPJPY continues to crawl positively, affected by its stability above the initial support at 143.20 to keep waiting until recording 145.45 level, to extend the trading positively to the previously achieved top at 148.40.

The stability of the moving average 55 below the price trading increases the positive pressure, which agrees with stochastic attempt to reach the overbought level that allows it to gain extra positive momentum and keep recording the targets as we expected.

Expected trading range for today is between 143.20 and 145.45

Expected trend for today: bullish.